Shifts in the aggregate-demand curve can cause fluctuations in
a. neither the level of output nor the level of prices.
b. the level of output, but not in the level of prices.
c. the level of prices, but not in the level of output.
d. the level of output and in the level of prices.
d
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The infant-industry argument for protection is based on the idea of
A) learning-by-doing. B) dumping. C) absolute advantage. D) quotas are the least harmful method of protecting domestic firms. E) saving jobs in the U.S. economy.
If this is a closed economy, how many bushels of corn will be produced?
A. 900 million bushels B. 150 million bushels C. 300 million bushels D. 600 million bushels
President? Lincoln's discomfort with imports resulted from his failure to recognize that money sent to England eventually returns to the United States to buy American exports.
Answer the following statement(s) true (T) or false (F)
A flow variable is an amount measured at a particular point in time
Indicate whether the statement is true or false